2007-02-08 10:41:22 · 5 answers · asked by DDof4 1 in Family & Relationships ➔ Marriage & Divorce
Talk to a divorce lawyer.
If you don't pay the loan, it WILL be paid for in the closing of your home through the proceeds of the sale. You don't have to pay it off first, the closing and title company will take care of paying off any liens on your mortgage.
2007-02-08 10:47:03 · answer #1 · answered by Anonymous · 1⤊ 0⤋
It's all about dollars and cents. The house has to be sold within an agreed period of time. In California, for example, the seller pays all the commission 6%, and various expenses prior to the sale, all amount to just under 10% of the selling price. Now you look at the loan and see if you have any money left after selling the house. Also, all other debts such as credit cards and car loans are equally divided.
If you have low earning power and the above math leaves you little or negative, you know your financial situation after the divorce.
2007-02-08 11:12:37 · answer #2 · answered by Sir Richard 5 · 0⤊ 0⤋
u should be able to sell the house and pay the money back with it
or if ur hubby has the name on the loan, just leave him
2007-02-08 10:45:20 · answer #3 · answered by Anonymous · 2⤊ 0⤋
why do you want a divorce? do you know how many people regret it after they break up? God dislikes divorce, the only reason divorce is allowed is marital unfaithfulness.....Jesus loves you
2007-02-08 11:00:25 · answer #4 · answered by Bert 4 · 0⤊ 0⤋
talk to your lawyer... they might have something you can do
2007-02-08 10:47:25 · answer #5 · answered by bronzebabekentucky 7 · 0⤊ 0⤋